Tadalafil Citrate 20mg | generic cialis 10 mg | tadalafil citrate 10mg | tadalafil citrate 5mg | generic cialis 40 mg |

Make Homepage | Add to Favourites | Past Editions | Virtual Newspaper | Spanish Property | Classifieds | RSS
International Payments, Money Transfers, Send Money Abroad, Currency Converter, Foreign Exchange
  • Del.icio.us Del.icio.us
  • Digg Digg
  • Yahoo Yahoo
  • Facebook Facebook
  • MSN Reporter MSN Reporter

Spanish Property » Spain / Spanish Real Estate

UNDERSTANDING THE SPANISH 'BUY PROPERTY FOR RESIDENCY' SCHEME

Print | Send to a friend

By Spanish Property / 2012-12-29 01:50:44

It is now even easier for foreign Nationals to gain the right of residency in certain European countries - providing you buy yourself a home!

The Spanish government, for example, is now the most recent European country to allow foreigners to take up residency. EU nationals already have the freedom to live in Spain, and from now on so do nationals from outside of the European Economic Community on the condition that they invest at least € 160,000 on property in Spain.

This latest offer is just one of many of the Spanish government's attempts to inject more fuel into the property market in Spain. Other recent schemes have included temporary IVA (VAT) cuts to 4% on new home purchases before the end of 2012.

There is no mistaking the fact that Spain's housing market is not as buoyant as it once was – according to the National Statistics Institute prices of property in Spain have fallen over 15 per cent in the year to the end of the third quarter, 2012, the 18th consecutive quarter of price falls. Supply and demand for Spanish property are not in sync and there are currently over 1.2 million unsold properties in the country – more than 200,000 repossessed properties and around one million unsold, newly constructed homes. And with banks tightening up on mortgages and credit in general, the number of property buyers has significantly decreased since 2008 when the market began to slow down.

The Spanish residency opportunity is currently the best offered by an EU country. In order to obtain residency in Ireland and Portugal, for example, a foreign national must invest at least € 400,000 and € 500,000 respectively on property in these countries.

But it isn't all gloom and doom for the Spanish property market. Analysts predict that although times are tough, the market could begin to rebound in the next few years in certain parts of Spain. The Murcia region, for example, is predicted to be one hotspot with the recent announcement of the new Paramount Theme Park. And with prices as low as they currently are, the time is right for the speculative investor to seriously consider purchasing property in Spain.

Related Articles
The Leader Newspaper, 13 July 2012, THE MURCIA PROPERTY INVESTMENT OPPORTUNITY – TOO GOOD TO MISS?



Tags: Propertyportal, Spanishproperty


Comments

Chris Hallamore 11-01-2013 / 18:12

Dear Sir

as far as I am aware this proposal has not been ratified by the Spanish Government. Apparently this proposal has to be agreed to by EU with reference to the Schengen Agreement

Add Your Comment


Type the characters you see in the picture below.


Lottery Tickets

Add New Classified

Search Online


Alicante Weather

Most Read News

News

A ROLLER COASTER FOR POLITICAL TRANSPARENCY

Mark Nolan / 2014-10-16 17:47:45

News

PIPES AND DRUMS LEAD THE WAY

2014-10-17 13:57:23

News

DRAMATIC POLICE CHASE THROUGH ORIHUELA

Kevin Reardon / 2014-10-17 13:42:30

News

LARGE CROWDS LAUNCH THE POPPY APPEAL IN TORREVIEJA

Kevin Reardon / 2014-10-18 12:50:12

Sport

Sport » Bowls

SAN MIGUEL BOWLS CLUB by Paul Thomas

Contributor / 2014-10-19 15:50:49

Sport » Bowls

MONTEMAR BOWLS AND SOCIAL CLUB

Contributor / 2014-10-19 15:49:36

Sport » Golf

LAS RAMBLAS GOLF SOCIETY - REPORT FOR W/E 17 OCT 14

Contributor / 2014-10-19 15:47:40

Sport » Bowls

LA SIESTA BOWLS REPORT BY NORMAN ADCROFT

Contributor / 2014-10-19 15:46:07

Features

Features » Entertainment

A RURAL AUTUMN AND A DRAMATIC FUTURE - TV REVIEW

Mark Nolan / 2014-10-20 15:45:25

Features » Health and Beauty

CANCER MAP REVEALS HOT-SPOTS

Mark Nolan / 2014-10-20 15:43:47

Features » Special Events

DETAILS RELEASED OF ORIHUELA OUTLET FAIR

Mark Nolan / 2014-10-20 13:56:01

Features » Special Events

TAPAS IN GUARDAMAR

Mark Nolan / 2014-10-20 05:41:21

Spanish Property

Spanish Property

Spanish Property » Spain / Spanish Real Estate

PROPERTY SALES IN SPAIN SHOWING CLEAR GROWTH

Mark Nolan / 2013-07-15 21:39:29

Spanish Property » Spain / Spanish Real Estate

FITCH: SAREB PROPERTY SALES UNDERLINES SPAIN PROPERTY WEAKNESS

Spanish Property / 2013-07-07 16:07:14

Spanish Property » Spain / Spanish Real Estate

TAYLOR WIMPEY SEE 1400 PERCENT INCREASE IN INTEREST FOR PROPERTY IN SPAIN FROM THE MIDDLE EAST

Spanish Property / 2013-06-30 14:34:06

Spanish Property » Spain / Spanish Real Estate

FOREIGN INVESTMENT IN SPANISH PROPERTY CONTINUES TO RISE

Neil Reardon / 2013-04-06 19:54:16

Foreign Exchange



COMMENTS ON MONETARY EASING CAUSES POUND TO IMPROVE AGAINST EURO

Neil Reardon / 2013-09-24 09:26:51

EURO STRENGTHENS FOLLOWING ANGELA MERKEL GERMAN ELECTION WIN

Neil Reardon / 2013-09-23 03:49:17

GBPEUR EXPECTED TO REMAIN NEUTRAL DURING THE RUN UP TO GERMANY ELECTIONS

Neil Reardon / 2013-09-20 19:32:41

POUND EURO (GBPEUR) EXCHANGE RATE DROPS ON DISAPPOINTING RETAIL FIGURES

Neil Reardon / 2013-09-19 11:29:22

Convert Currency


International Payments

Lottery News

Features » Lotteries » Irish Lotto Results

IRISH LOTTO RESULTS / WINNING NUMBERS - DRAW 18 JANUARY 2014

Neil Reardon / 2014-01-18 20:56:02

Features » Lotteries » UK National Lottery Results

LATEST: UK NATIONAL LOTTERY RESULTS / WINNING NUMBERS - DRAW 1886, 18 JANUARY 2014

Neil Reardon / 2014-01-18 20:51:55

Features » Lotteries » Euro Millions Lottery Results

EURO MILLIONS LOTTERY RESULTS / WINNING NUMBERS - DRAW 660, 17 JANUARY 2014

Neil Reardon / 2014-01-17 19:32:36

Features » Lotteries » Euro Millions Lottery Results

EURO MILLIONS LOTTERY RESULTS / WINNING NUMBERS - DRAW 659, 14 JANUARY 2014

Neil Reardon / 2014-01-14 20:18:41





Google+ | Facebook | Twitter | Feedburner

Property for Sale | Property in Spain | Costa Blanca Property | Costa Calida Property

Telford | Property in Telford | Property for Sale in Telford | Property for Rent in Telford | Telford Property

About Us | Contact Us | Webmap | Terms and Conditions | Data Protection and Privacy Policy

Copywrite (c) The Leader / 03189 Orihuela Costa. Alicante. Spain

Tel.: +34 96 673 0057 / Email: office@theleader.info / Web: http://www.theleader.info/